Indian Ipr

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Intellectual Property creation witnessing steady growth in India: Report - Economic Times

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IN-DEPTH COVERAGE India Intellectual Property Alcatel-lucent Alstom

NEW DELHI: The country's contribution to Intellectual Property (IP) creation is witnessing a steady growth, however, investments in R&D and patent activities in the country are still relatively slow when compared to developed nations, a report says. According to globalisation and market expansion advisory firm Zinnov's study 'Enhancing the IP Quotient in MNC R&D centres', IP creation is witnessing steady growth in MNC R&D centres, but investments in R&D and patent activities in India are still relatively slow.

(A sector-wise analysis…)

The study further said India spends just 1 per cent of its GDP on R&D, while countries like Israel spends 4.2 per cent, Japan 3.7 per cent, US 2.7 per cent and China 2.0 per cent. A sector-wise analysis shows that pharma, biotech and computer technology industries are leading contributors to IP creation in the country. Pharmaceutical and biotech companies alone contribute 30 per cent of the patents filed from India (20072012). In addition, several MNC R&D centres in India are leveraging the increased research focus in universities to co-create and innovate. Bosch, P&G,…...

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